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US Factory Gauge Contracts at Slowest Pace in Nearly a Year

(Bloomberg) -- A measure of US factory activity contracted in September by the least in nearly a year, offering hope that the worst may be over for the nation’s producers.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Severe Crash Is Coming for US Office Properties, Investors SayStocks Lose Footing as Treasury Yields Surge: Markets WrapThe Secret Plot Against the Head of the World Health O...
Bloomberg Businessweek Timothy Fiore Manufacturing Business Survey Committee Petroleum Coal Products Institute For Supply Management Supply Management
Source: yahoo.com

Explainer-Why is France struggling to lower supermarket prices?

Finance Minister Bruno Le Maire is meeting France's top supermarkets and their suppliers on Wednesday and Thursday to try to persuade them to accelerate price cuts as shoppers struggle with the rising cost of food and other staples. Le Maire said in June he had secured a pledge from 75 top food companies to cut prices on hundreds of products from July to reflect lower raw material costs. In July, food prices in France were 12.7% higher than a year earlier, compared with a 13.7% increase i...
France General Mark Potter Bruno Le Maire Silvia Aloisi Les Mousquetaires Le Maire
Source: yahoo.com

Elon Musk Relieved That Lithium Prices Are No Longer Insane

(Bloomberg) -- After complaining last year about surging prices for lithium, a metal used in electric vehicle batteries, Elon Musk says he’s now seeing “deflationary pressures” in commodities.Most Read from BloombergApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIA $500 Billion Corporate-Debt Storm Builds Over Global EconomyNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stock BoomIn London, New York and Paris, a Giant Office Be...
United States Bloomberg Businessweek Elon Musk Karn Budhiraj Tesla Inc Wall Street
Source: yahoo.com

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